Authorities call on Indian companies to invest in Duqm
Monday 25/September/2017 21:47 PM
By: Times News Service
Mumbai: Highlighting the advantages of investing in Duqm, the “Invest in Duqm” campaign organised by the Special Economic Zone Authority of Duqm (SEZAD) in India, called on investors and large companies to invest in the Sultanate.
The highlighted advantages include geographical location, security and political stability and the incentives provided by the Sultanate to investors. The campaign follows the success of a similar activity in China earlier this month.
The campaign in the Indian cities of Mumbai and Delhi is aimed at diversifying investments in the Economic Zone of Duqm and attracting large companies to achieve the main objectives of establishing the zone.
Mubarak bin Hamad Al Hinai, the Sultanate’s consul general in Mumbai, said in his welcome speech to investors that the Sultanate and India enjoy great economic relations, calling on big companies to invest in Oman.
Ninad Karpe, Chairman of the Confederation of India Industry (CII), expressed his desire to see the launch of a number of Indian industrial projects in the Economic Zone of Duqm, stressing the support of CII for this trend, praising the economic relations between the Sultanate and India.
Lee Chee Khian, Chief Executive Officer of SEZAD, invited Indian businessmen and firms to explore the investment opportunities in SEZAD. He expressed hope that the campaign will help Indian firms establish a number of investment projects in SEZAD.
The promotional campaign contained a number of presentations that reviewed the available investment opportunities in the Sultanate.”
The zone is characterised by a wide range of investment areas in line with the aspirations of investors in any economic sector,” said Galal Al Lawati, Director of Promotion Department at SEZAD.
He added “The region also has the largest economic zone in the Middle East, calling on businessmen in Mumbai to invest in the region.”
Ali Shah, Chairman of Oman Wanfang, reviewed the company’s experience in establishing the Chinese-Omani Industrial City in Duqm and the steps it has taken so far.
The seminar also contained presentations on Duqm Port, Dry Dock and Oman Oil Company. The presenters stressed the success of their projects in the region.
The businessmen in the city of Mumbai confirmed their aspiration to invest in the Economic Zone of Duqm and discussed a number of aspects related to their initial desires for investment in the zone, in bilateral meetings with representatives of SEZAD and other companies participating in the seminar.